In the second week of the trial involving Sam Bankman-Fried, CoinDesk has analyzed trial documents, transcripts, and reports to provide highlights of Caroline Ellison’s testimony and updates on FTX’s $400 million hack. During the trial, a secret recording was revealed, and the former CEO of Alameda Research, Caroline Ellison, testified. The details of the secret […]
Beluga, a Multichain AMM protocol, has fallen victim to a hacking attack, resulting in the theft of approximately $175K in cryptocurrency. The attack targeted the Beluga protocol deployed on the Arbitrum network. Security firm PeckShield reported the incident, stating that the attackers exploited several vulnerabilities to steal tokens, initially taking 59 ETH. The attacker then […]
Lawyers representing former FTX CEO Sam “SBF” Bankman-Fried are seeking to introduce information from the crypto exchange’s terms of service during witness testimonies in the ongoing criminal trial. The defense team aims to address evidentiary issues related to the alleged misuse of FTX funds. Prosecutors and the defense have differing theories on the matter, with […]
The former CEO of Voyager, Stephen Ehrlich, is facing charges filed by the Federal Trade Commission (FTC) and Commodity Futures Trading Commission (CFTC). The FTC alleges that Ehrlich falsely claimed that Voyager accounts were insured by the Federal Deposit Insurance Corporation (FDIC) and that customer assets were safe, despite the company’s impending bankruptcy. The FTC […]
Friday the 13th is often associated with horror and superstition, and in the world of cryptocurrencies, there have been some truly terrifying stories. One such story involves QuadrigaCX, Canada’s largest cryptocurrency exchange, which unexpectedly collapsed, leaving 115,000 investors and over $190 million missing. The founder of the exchange, Gerald Cotten, had recently married Jennifer Robertson […]
Coinbase, the largest cryptocurrency exchange in the US, has expressed concerns over a new tax proposal by the Internal Revenue Service (IRS). In a letter to the agency, Coinbase argues that the proposed rules would infringe on Americans’ financial privacy and impose burdensome reporting requirements. The exchange requests that compliance requirements be limited to parties […]
The Open Network (TON) Foundation has partnered with Elliptic, a blockchain analysis firm, to enhance the security and data intelligence of the TON network. Elliptic will screen TON wallet addresses to identify any associated with bad actors, protecting TON users and projects from exposure to these accounts. Additionally, Elliptic will promote Toncoin to reputable exchanges, […]
Venture capital firm Paradigm has come out in support of cryptocurrency exchange Binance, as it seeks to have charges brought against it by the US Securities and Exchange Commission (SEC) dismissed. Paradigm argues that the SEC does not have jurisdiction over the emerging cryptocurrency industry. The move comes as Binance faces increased scrutiny from regulators […]
Chinese Bribe Scandal Deepens for FTX FounderNew revelations have emerged in the Chinese bribe scandal involving Sam Bankman-Fried, the founder of cryptocurrency exchange FTX. Testimony from Caroline Ellison, co-founder of Alameda Research, suggests that Bankman-Fried paid $150 million in bribes to Chinese government officials in 2021, a significantly higher amount than previously disclosed. As a […]
Decentralized exchange THORSwap has resumed operations after temporarily shutting down due to the detection of illicit funds on its platform. The exchange announced on Oct. 12 that it is back online and urged users to continue swapping assets across various blockchains using their own self-custody wallets. THORSwap initially halted swaps on Oct. 6 to address […]
